Congress reaches payroll tax-cut deal

WASHINGTON (Reuters) – Congressional negotiators agreed on Wednesday to a bipartisan deal to extend a payroll tax cut, which would give a victory to Democrats and allow Republicans to get out from under an issue that threatened to hurt them in the November elections. Senator Max Baucus, a Democrat, told Reuters enough negotiators from both parties had signed off on the accord to clear it for a vote by the full Senate and House of Representatives. The two chambers are expected to vote on the deal before lawmakers depart Friday for a week-long recess. …
Quoted from Congress reaches payroll tax-cut deal on Yahoo! News – Latest News & Headlines